New UCI notification procedure
On 17 December 2024, the CSSF announced the availability of the new notification forms for errors and instances of non-compliance on the eDesk platform, as set out in the new Circular 24/856 on investor protection in the event of NAV calculation errors and non-compliance with investment rules.
As of 1 January 2025, any errors and/or instances of non-compliance detected need to be notified exclusively through the following two submission methods:
- Initial submission and follow of notification in the dedicated eDesk procedure.
- Automated submission of the notification via API (S3 protocol), then follow-up of the notification in the dedicated eDesk procedure.
Practical and technical guidance
The CSSF published alongside its announcement the practical and technical guidance detailing the transmission methods (the “Guidance”).
The Guidance provides guidelines on the type of notifications, concerned funds, who submits the notification and when the notification should be provided. Within the section practical guidance, information to be transmitted is listed for the different errors at UCI level, instances of non-compliance and other errors. The section technical guidance provides information on the system and eDesk processes
Further questions on the notification procedure may be submitted to the CSSF under edesk@cssf.lu.
Please find here our article with further detail on the provisions of Circular 24/856.
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